Month: July 2017

Extension of due date of 31st July for filing ITR for AY 2017-18 to 5th August, 2017 CBDT Order u/s 119 The CBDT has extended the due date of 31st July, 2017 to 5th August, 2017 The extension was first declared through Income Tax Department Twitter handle and …

ITR-Tax Audit Due Date Extension for Last 15 Years from AY 2003-04 to AY 2018-19 Due Dates of Filing Income Tax Returns and Tax Audit Report: Under section 44AB of income tax act, the specified date for furnishing the Tax Audit report is the due date for filing …

Filing Income tax return without linking Aadhaar to PAN allowed but linking to be done before 31st August, 2017. However, ITRs shall not be processed until linkage. Filing Income tax return without linking Aadhaar to PAN Allowed With the extension of the due date of 31st July 2017 …

If accounts are audited AO has to explain the rejection of profit with sufficient clarity. When there are audited accounts of an entity and the calculation of the GP ratios hinges upon their analysis, the AO should not lightly undertake an exercise that would amount to negating those …

Limitation period for revision Petition 264 starts with service of intimation u/s 143(1) and not from the date when assessee comes to know about the processing of the return – High Court The expression ‘the date on which he otherwise came to know of it’ as per section …

Rejection of technical bid due to curable defect of missing notary stamp on some of the tender documents held as untenable and bad in law. The Bidder acted in a capricious manner resulting in discrimination. Delhi High Court ABCAUS Case Law Citation: ABCAUS 2009 (2017) (07) HC The …

Amended Rules for Shifting of companies registered office within state or from from one state to another. Companies Incorporation 2nd Amendment Rules 2017. Intimation to Chief Secretary of the State/UT now mandatory. GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 27th Juty, 2017 G.S.R… (E)- In exercise …

Exporter eligible for refund of Compensation Cess paid on goods exported on similar lines as refund of IGST under section 16(3) (b) of the IGST, 2017 Circular No.1 /1/2017-Compensation Cess F.No.354/136/2017-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) ***** New Delhi, Dated 26th …